2. Alibaba goes public
China's e-commerce giant Alibaba went public at the NASDAQ in New York on Sept 19, 2014, and its market valuation surged to $21.8 billion on the first trading day, making it the largest-ever IPO event in the US stock market.
Jack Ma, the founder of Alibaba Group Holding Ltd, with a $28.6 billion fortune became Asia's richest person after his company went public, according to Bloomberg Billionaires Index.
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Alibaba employees applaud as the opening bell of the New York Stock Exchange is rung, before the initial public offering of Alibaba Group Holding Ltd under the ticker "BABA" in New York on September 19, 2014. [Photo/IC] |
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